Showing posts with label Stock Market Tips. Show all posts
Showing posts with label Stock Market Tips. Show all posts

Monday, 25 June 2018

Gold prices climb as dollar weakens on EU-U.S. trade woes

Gold prices edged up on Monday as a buoyant euro kept the dollar off its 11-month highs, with trade issues between the United States and the European Union further supporting the bullion.

Fundamentals

* Spot gold was up 0.3 percent at $1,271.79 an ounce, as of 0059 GMT.

* U.S. gold futures for August delivery were 0.2 percent higher at $1,273.60 per ounce.

* U.S. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars.

* A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies.

* The European Central Bank will end its asset purchases by year-end as scheduled, according to a Reuters poll of economists who said the risk bond-buying will continue into next year was low, even with growth likely to slow and inflation stay tame.

* Speculators trimmed their net long position in COMEX gold to the weakest position in 2-1/2 years in the week to June 19, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.

Commodity MCX live Price

Tuesday, 8 May 2018

Higher gold prices to weaken jewellery demand growth

Higher gold prices and tightened credit availability are expected to weaken growth in jewellery demand by 2-4 per cent during 2018, a credit rating agency said on Monday. 

 

"The agency expects the jewellery demand growth to weaken by 2-4 per cent for CY2018 (Calendar year 2018), owing to higher gold prices and subdued financing environment. The industry continues to remain susceptible to the regulatory risks, which has affected both demand and supply," ICRA said. 

 

However, over the medium to long term, it expects the gold jewellery retail industry to record a 6-7 per cent volume growth, supported by stable rural and wedding demand, cultural affinity for gold, rising disposable income and favourable demographic profile.

 

Commodity MCX live Price

India’s exports of finished steel jump 16.7% to 9.621 MT in FY18

India’s total export of finished steel increased by 16.7% and stood at 9.621 million tonnes (MT) in 2017-18. According to data compiled by the Joint Plant Committee (JPC), the country had exported 8.242 MT of finished steel during 2016-17 fiscal.

 

Of the total export in 2017-18, the contribution of the non-alloy steel segment stood at 8.727 MT, while the rest was the contribution of the alloy steel segment including stainless steel.

 

In March 2018, the overall export fell sharply by 56.3% and stood at 0.708 MT from 1.621 MT during the same month a year ago. Import of total finished steel rose by 3.5% to 7.482 MT in FY18 compared to 7.226 MT in the preceding fiscal.

 

However, the overall import during March fell by 19.7% to 0.482 MT as against 0.600 MT during the same month in 2017.

Commodity MCX live Price

Wednesday, 14 March 2018

HIGHLIGHT MCX UPDATE

HIGHLIGHT MCX UPDATE:

ZINC SELL CALL DONE 2ND TARGET 212.2 BOOK MORE PROFIT CMP 212.10 

HIGHLIGHT CLOSING BELL

HIGHLIGHT CLOSING BELL:

NIFTY CLOSE AT :10,410, -0.15% (-15)

SENSEX CLOSE AT: 33835.74 0.06% (-21.04)

BANKNIFTY CLOSE AT: 24851.65 0.46 % (113.00 )

HIGHLIGHT CASH CALL

HIGHLIGHT CASH CALL:


BUY BANKINDIA ABOVE 102.5 TARGETS 103.30 / 104.50 / 106.10 STOPLOSS 101.20
TIME 1:10 PM 

HIGHLIGHT MCX CALL

HIGHLIGHT MCX CALL:

SELL GOLD ABOVE 30480 TARGETS 30420 / 30360 / 30300 STOPLOSS 30560

TIME 12.18 PM

Free Trial: https://goo.gl/G98Gfc

HIGHLIGHT FUTURE PREMIUM UPDATE

HIGHLIGHT FUTURE PREMIUM UPDATE:

BHARTIAIRTEL BUY CALL FIRST TARGETS 423.80 HAS ACHIEVED BOOK PARTIAL PROFIT CMP 424.10 TIME 11:10 AM 

HIGHLIGHT INDEX OPTION CALL:

HIGHLIGHT INDEX OPTION CALL: 

BUY BANKNIFTY 24700 (22 MARCH) ABOVE 250 TARGETS 280 / 320 / 370 STOPLOSS 210

Free Trial: https://goo.gl/G98Gfc

Sensex drops over 100 points, Nifty slips below 10,400; Fortis rallies 4%

NEW DELHI: Domestic stocks started Wednesday on a shaky wicket after dismissal of US Secretary of State roiled markets worldwide. The BSE Sensex dropped over 100 points to 33,766 while the broader NSE Nifty slipped below the crucial 10,400, down 32 points at 10,394.

Sentiment across the globe soured after US President Donald Trump fired his Secretary of State Rex Tillerson, extending a shake-up of his administration, amid growing fears of protectionism. Trump announced he would replace Tillerson with CIA Director Mike Pompeo.

Fortis Healthcare was trading 5 per cent up at Rs 160 on the BSE after reports that Malaysia's IHH Healthcare was set to launch a voluntary open offer to buy non-promoter shares of Fortis Healthcare in the next few days, nine months after walking out of bilateral negotiations with promoters Malvinder and Shivinder Singh who were then in control. PSU banks once again proved to be a soft spot.

Market extends slide; Sensex down 150 pts, Nifty below 10,400

With mixed global cues, the domestic market may see rangebound trade on Wednesday. Let’s check out what all might influence Dalal Street all through the day. Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.

HIGHLIGHT CASH CALL

HIGHLIGHT CASH CALL:

BUY INFY 1186 TARGETS 1196.00 / 1211 / 1229 STOPLOSS 1171.50

Free Trial: https://goo.gl/G98Gfc

HIGHLIGHT OPENING BELL

HIGHLIGHT OPENING BELL: 

NIFTY OPENS AT 10393.05 -33.80 (-0.32%)

BANKNIFTY OPENS AT 24,629.65 -109.00 (-0.44%)

SENSEX OPENS AT 33733.55 -123.23 (-0.36%)

Free Trial: https://goo.gl/NQSe3X

Tuesday, 13 March 2018

HIGHLIGHT CLOSING BELL

 HIGHLIGHT CLOSING BELL: 

NIFTY CLOSE AT :10,426, 0.05% ( 5.45)

SENSEX CLOSE AT: 33856 61.16% (61.16)

BANKNIFTY CLOSE AT: 24738.65 -0.30 %

Market takes a sudden plunge; Sensex 300 pts off day's high

Volatility is back to haunt markets, which at one point was 300 points off its intra-day high. Watch this space as we bring you LIVE updates of the proceedings from Dalal Street.

HIGHLIGHT OPTION PRMM CALL:

HIGHLIGHT OPTION PRMM CALL:

 BUY DLF 230 CALL ABOVE 3.6 TARGETS 4.4 / 5.7 / 7 STOPLOSS 2.75 TIME 11.51 AM

Free Trial: https://goo.gl/NQSe3X

Easing India inflation reprieve for Asia's worst bond market

India’s inflation rate dropped below 5 percent for the first time in three months, giving the central bank room to keep interest rates on hold for longer while providing relief to battered bond investors. Government data on Monday showed inflation at 4.44 percent in February, lower than the 5.07 percent pace in January and below the 4.7 percent estimate of economists polled by Bloomberg News.

The easing for the second straight month offers bond investors in India -- the worst performing market among major Asian economies -- something of a temporary cheer. The benchmark 10-year bond yield fell three basis points to 7.60 percent.

“The sharp dip in retail inflation has reinforced our expectation that the MPC would keep the repo rate unchanged in the upcoming policy review in April, which may prompt a further easing of bond yields in the immediate term,” Aditi Nayar, economist at ICRA LtdBSE -1.22 %. said referring to the central bank’s Monetary Policy Committee that’s scheduled to meet April 4-5.

Market Now: Nifty above 10,450, but over 60 stocks hit fresh 52-week lows

NEW DELHI: Even as broader markets reflected positive sentiments, over 60 stocks hit fresh 52-week lows on NSE. Dhanlaxmi Bank, Electrosteel Steels, Gitanjali GemsBSE -4.98 %, GTL Infrastructure, Jubilant Industries, UCO Bank, Orchid Pharma and LML were among the stocks that hit fresh 52-week lows on NSE. Equity benchmarks erased losses of the opening session and were trading in the positive terrain on the back of buying in bank, financial, telecom, healthcare and oil stocks.

Investors welcomed positive macroeconomic data. India's industrial production grew at a robust pace for the third straight month, at 7.5 per cent in January, while retail inflation slowed for the second consecutive month to 4.4 per cent in February, signalling that the economy may be set on a strong recovery path. Around 11:10 am (IST), the NSE Nifty50 index was 39 points up at 10,460, while the BSE Sensex was 105 points up at 34,023.

HIGHLIGHT FUTURE CALL


HIGHLIGHT FUTURE CALL: 

BUY DABUR ABOVE 331.10 TARGETS 332.10 / 333.50 / 335 STOPLOSS 329.50 TIME 10:07 AM

Free Trial: https://goo.gl/NQSe3X

HIGHLIGHT CASH CALL

HIGHLIGHT CASH CALL: 
BUY KOTAKBANK 1104 TARGETS 1112 / 1126 / 1142 / STOPLOSS 1091 TIME 9:23 AM

Free Trial: https://goo.gl/NQSe3X